The property at 506 E 11th St in Port Angeles has a potential monthly rental income ranging from $1,995 to $2,200. Given its central location and partial saltwater views, the demand could be high. With a list price of $365K, the estimated payback period could span over 15-18 years, considering market trends. Features like hardwood floors and modern windows enhance its appeal, though its age and single-family nature might be challenging for maximizing rental yield.
To boost rental potential, consider modernizing the kitchen and adding energy-efficient appliances. Enhancing curb appeal with landscaping could also attract tenants. If selling is on the table, highlighting the water views and central location in marketing materials could justify a premium price. For long-term investors, maintaining the property’s condition is key to maximizing rental income.